Mitsubishi Electric inaugurates new factory in Turkey

Mitsubishi Electric inaugurates new factory in Turkey

Mitsubishi Electric inaugurates new factory in Turkey

Japanese multinational electronics and electrical equipment manufacturer Mitsubishi Electric Corporation on Feb. 8 inaugurated a new room air-conditioner production facility in Turkey’s western province of Manisa, state-run Anadolu Agency reported.

Mitsubishi Electric’s new investment was a sign of the trust in Turkish economy and political stability, said Turkish Science, Industry and Technology Minister Faruk Özlü at the opening ceremony.

“The great economic success that Turkey gained during the recent years, its stable growth performance and rising trend of export volume helped Turkey to become secure, investee and strategic country,” Özlü added.

Masaki Sakuyama, chief executive officer and president of Mitsubishi Electric Corporation, said Turkey is already a prime market for the company and it has now become a vital production hub with a new air-conditioner production facility.

Sakuyama stated that the company believes in Turkey’s potential and power.

“Our new plant in the Manisa Organized Industrial Zone will contribute to enhancing friendship between Turkey and Japan,” he added.

The company will continue to contribute to Turkish people’s prosperity by producing high quality and hi-tech air-conditioners both for Turkey and Europe and expanding its activities.

Arda Ermut, president of the Investment Support and Promotion Agency (ISPAT) of Turkey, also said that foreigners’ investment in Turkey continues without decelerating.

“We have worked hard for this facility since 2013, including data provision for feasibility, bureaucratic follow-up, site selection support and various meetings in Japan. We are more than happy to see all these efforts yield fruit today,” said Ermut.

The factory which occupies an area of 60,000 square meters has been established with a capital of approximately 382.5 million liras, according to a follow-up press release.

The new facility will target an annual production of 500.000 sets (indoor and outdoor units) and is set to employ around 400 people by the end of March 2021.